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20121027
20121104
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have less than two months to steer clear of the fiscacliff-- the combination of tax hikes and government spending cuts scheduled to take affect in january. our market monitor this week says plan now for higher taxes soon, and higher interest rates eventually. duncan richardson is chief investment officer at eaton vance management. he joins us from that firm in boston. duncan, i take it you're a pessimist in regards to avoiding the fiscal cliff that we're going to go over? >> not really a pessimist. i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can ou
in virginia and ohio that they will have to start paying taxes in both states. that's run the table at a grant states, mark -- let's run the table of battleground states, mark. >> ohio remains yond romney's grass at this point, a large part because obama is doing better with white voters that he is across the country, in large part in the north and west of ohio and northeast of ohio, the industrial belt where the auto bailout made a difference. it is so much of a problem for romney there that rob portman on thursday, introducing romney in defiance, ohio, to a huge crowd, said, "we have got to talk about this auto bailout thing tonight." they are still trying to explain it. >> can romney win without ohio? >> yes, but it is a tough one to reach. if obamacare is ohio, he will carry it was gone -- if obama carries ohio, he will carry wisconsin and it will be a difficult reached for romney. >> a virginia? >> virginia will still probably end up in obama's camp. >> i just look at the polls when we started the program. romney is up by one pnt or two. >> you can pick your polling and in virginia, becau
the payment of tax grants. the move comes as it looks increasingly unlikely to pass a bill to issue deficit covering bonds. the main opposition parties are against it. the bonds are necessary to implement the budget. government officials say they could run out of money by the end of november unless it's passed. it was scheduled on friday to allocate $27 billion to prefectures and $24 billion to municipalitie municipalities. some tax grants due in september have already been deferred. people in cash strapped municipalities can expect the latest delay to expect financing and disrupt public services. that's all for me for now. i'll leave you with the markets this tuesday here in asia. >>> the discussion included disputed islands in the south china sea. they agree to continue talks to establish a declaration of conduct with their will to resolve the issue peacefully. countries have been asking china to agree to a legal biding code of conduct governing behavior in the disputed region. they have failed to reach substantial progress over the issue. china has been reluctant to establish a code of c
that president obama is going to increase taxes, where, where governor romney is not if he's elected president. that's an important issue distinction. coming into the last debate, the annenberg survey showed that the public thought that governor romney was more likely to take the country into a war, than was president obama. but the public also believed that president obama had gone around the world apologizing. now in the last debate, governor romney reassured that he was not as likely to take people into war as they had thought in that debate. and i think that was a callated strategy on his part. now, you uld y, "d it was illegitimate. you secretly know that he was more likely." but nonetheless, what we can measure is whether they get what he said he was going to do in the context. and i think that president obama responded to the apologizing around the world claim in a number of ways that were effective as well. and i think one of the things that we can say about debates making a difference is that, had there been debates in the goldwater/johnson election, had there been debates in the mcgo
of touch plutocrat with secret tax returns and offshore bank accounts. >> rose: why did they let that happen? >> well. >> i mean it is a great question. if they win it will hook like they amended it brilliantly, right in so, and i think he had a decent chance to win. i think they believed they were difficult attacks to respond to and attacks they didn't have the resources to respond to at that point. >> rose: because at that time super pac money hadn't kied in? >> the campaign ielf th't ve money because they had to spend only money for the nomination and hot the election. >> rose: so in other words it could only kick in after the nomination? >> right. but there are other variables include governor romney wasn't comfortable doing the kinds of things they did at the convention. i mean, one of the big mysteries which i still have not unraveled is at the convention, you had testimonials from these families who dealt with governor romney when he was engaging in, engaging in extraordinarily generous and personal acts of kind tons their family, we didn't see him before the conventn, we
might seek asylum abroad. the former prime minister of italy, silvio berlusconi, was convicted of tax fraud today and sentenced to four years in prison. a court in milan ruled the media mogul and others were behind a scheme to buy the rights to broadcast u.s. movies on berlusconi's tv networks, using offshore companies and avoiding taxes. berlusconi immediately denounced the ruling and vowed to figh it. he'll remain a free man while he goes through the appeals process. in u.s. economic news, stocks finished flat on wall street today. the dow jones industrial average gained more than three points to close at 13,107. the nasdaq rose nearly two points to close just under 2,988. for the week, the dow lost nearly 2%; the nasdaq fell more than half a percent. those are some of the day's major stories. now, back to judy. >> woodruff: for more than two decades, microsoft has been a dominant force in the worlds of business and technology. but its position has been challenged and, in some ways, surpassed by apple, google and others in recent years. some question its ability to innovate. now, mi
, the fiscal cliffs. when we get a solid policies that's predictable the economy grows. and when we have tax reform we get tax rate downs that estimate-- stimulates incentives to hire people t really is basic economics. that why this is tragic. applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the presidnt you wk for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies very similar to what mitt romney is proposing, they brief last word on that? >> well, i think as we are talking about four years what is going to happen the next four years. that say time where a president can make a tremendous difference. and we're talking about the past four years. and the president could have made auch betr policy with the unemployment being so high. >> bro
get a solid policies that's predictable the economy grows. and when we have tax reform we get tax rate downs that estimate-- stimulates incentives to hire people t really is basic economics. that why this is tragic. applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies very similar to what mitt romney is proposing, theyic if one or e other is elected. >> right. you know, i was in the white house for a while and i used to joke, i crawled all around in the basement, i have yet to find that switch down there that you just flip it and then everything gets better. i think 90 plus percent of what happens in a growing economy has nothing to do with washington. what th
women? is it going to be romney cutting taxes and that's his road to creating jobs or is it going to be the extremist remarks and she's saying, wait a minute. i may not be super pro choice, but i'm also, i don't want men telling mehat to do with my body. >> i think women do weigh these issues seriously. chick issues are bread and butter as are the freedom for them to choose for themselves on their own health. women think of it in broad ways. they wonder why it's difficult for a woman should say that they be paid for the same job. a woman understands that in order to control how often she goes into work, how she's able to, what types of jobs she's able to get, she needs to space her children. she doesn't understand -- >>d let's talk about governor romney's record. i know everyone wants to seize on the binders. excuse me. i want to f get to my comment. we are going to talk about this later, governor romney said, hey, i'm looking around. i have a stack full of resumes from men. give me a binder full of resumes. i like th. >> but here is my -- >> 42% he appointed of his people in his
. the state would only get half as much in taxes, and that would create the problems. it would be open season for plundere. would leave. >> german chancellor angela merkel grew up here. farmers in brandenburg think it is high time she intervened and did something for them. >> that wraps up this edition of "european journal." thanks very much for watching. bye for now. captioned by the national captioning institute --www.ncicap.org--
. >> obama wages war on coal. i'm not in favor of a $5 trillion tax cut. that's not my plan. my promise... >> read my plan. eporter: but we're not seeing this stuff at random. we're being targeted. behind the scenes, teams of digital gurus have been studying us and tracking us to deliver tailored video ads, phone calls and strategic door knocks. this could be the year that digital strategies decide what is shaping up to be a razor-close election. but who is watching us? and how much do they know about us? i'm on the hunt for answers. first stop: washington d.c. just a few blocks from the capital tucked away in a non-december crypt building is one of the nation's leading providers of political intelligence. it's called aristotle. the data they gather and sell, our personal information, is big busess. and it's the life blood of the digital campaign. without it, no modern presidential campaign can survive. >> this place has metal doors, security cameras, biometric sensors. i'm going to have to try the doorbell. >> reporter: aristotle is a nonpartisan company in a small, mostly partisan ind
to extend expiring tax cuts and ease looming spending cuts; or they can jump off the so-called fiscal cliff and see if the economy follows. darren gersh, nbr, washington. >> tom: retail sales moved higher in october as retailers closed their books on the month before sandy rushed ashore. macy's surprised with a better than expected 4% sales gains; kohl's and target also fared well. warehouse store costco was up 5%, while nordstrom was the standout. the high-end retailer posting a near 10% sales gain. >> susie: and auto sales moved higher in october, despite hurricane sandy crimping sales in the final days of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the last three days of the month. chrysler was up 10%, led by its ram pickup truck. toyota's sales were up 16%, while honda gained about half that. also from ford today, some management news that looks like a succession plan. mark fields was tapped to be
of people in this country. i think another piece that gloria stein ham noted that the pay tax -- women get equal pay in the workplace that we close that wage gap consistently 77% would be automatic economic stimulus. more than three quarters voters support that. mitt romney has refused to take position on it. he hasn't even said no. >> ground game. everybody -- no matter how great campaign you ran if you don't get your supporters to the mols you don't win. you have been in ohio working alongside the romney get out to vote effort. how is it going? >> we've been about 25 different states over the past year. i will say, bonnie, i haven't seen the conservative base whether you call that tea party, whether you call it regular, more energized than i've seen in this election cycle. that certainly been true in ohio. on friday of this week there were over 20% people who were showing up for romney event, my understanding was the president's event that morning in ohio drew about 3,000. that is a huge difference. ground game comes out of those things, those people come to rallies, they go out do door
in order to pay for it. democrats tend to want to tax a little more for that or add to the deficit because of the emergency. >> ifill: chris christie as the governor of new jersey who the president will be traveling with torrow looking at hurricane damage, you can only assume that that will be many levels interpretation of that particular meeting. he said he would like to reschedule halloween but it's not possible to reschedule an election, is it? >> it is technically possible to reschedule elections on a state-by-state basis but i don't think we're going to need that. the date on which the election is held actually set by federal law rather than the constitution. congress could change that date. there's actually provision for, if a state doesn't get its vote in on time, basically for the state legislature to make a decision about which electors to send to vote for president. so there are actually ways for that to happen. i just don't think anybody is that the a point right now. >> ifill: if you're in massachusetts or connecticut and your constituents don't have power, they're not watching
energy tax credit for wind. obama, i think, is just misreading the polls entirely. the latest polling shows that -- i think ken is right. when global warming becomes local that the public becomes concerned about it. that's why the polls in the last two years have shown the public is increasingly concerned and this is particularly true of independent voters also. they are very concerned about their local pollution but also the extreme weather that they've been seeing. who could miss $14 billion extreme weather disasters in this country last year and over $7 this year. everyone sees the weather is going crazy and it's affecting them. it's not going to be affecting distant people in a distant land a distant time from now. it's happening here and now. >> suarez: joseph romm, kenneth green, gentlemen, thank you both. >> thank you. >> thank you. >> suarez: we've rounded up all of our reporting on these issues on our "coping with climate change" page on our web site. take a look. >> ifill: and we turn to the final days of the presidential contest. among the key states in both campaigns' sigh
, that it was going to be impossible to pass political reform, tax reform, energy reform. and the truth be told, we have been able toass reforms in every single one of those areas. we have made significant advances. we have pushed the envelope in many of these areas. for example, only a few months ago we were able to announce that we found significant oil reserves in the gulf of mexico that we hadn't been able to lok for or drill because we hadn't been able to put financial money from the private sector alongside our stake hold oil company to do it. we were able to do that thanks to that reform. so in a sense when one looks at is ipersctive, mexico has been moving forward very significantly. of course we're very worried about the violence, of course we're very worried about security. but in many areas, and we can talk about them at length, mexico has made very significant advances. >> rose: what's the relationship with the united states today? >> well you know very well mexico's relationship with the united states is very very complex. it's very rich. it's full of different areas of interaction.
changed his rhetoric on gun rights, gay rights, climate change and the tax pledge. he lost in iowa, new hampshire and florida. just one month into the primaries, romney's campaign was over. >> i entered this race because i love america. i feel i have to now stand aside for our party and for our country. >> narrator: romney had fallen short, unable to secure the presidential nomination. (crowd chanting): mitt! mitt! >> the mitt romney in 2008 was partly a politician and very much a business person and totally a novice to what it meant to be a national candidate. >> narrator: he had spent $45 million of his own money on the campaign. >> on the plane back to boston, following his announcement, he turned to me and he said, "eric, what are you going to do? we've got to figure out what our people are going to do. they're going to be moving on into other jobs." this was not a person who was thinking about running again for president. i think he felt he had his opportunity and the door had closed to him. >> it's a whole new political world for the president. >> narrator: november, 2010. >> an h
Search Results 0 to 20 of about 21 (some duplicates have been removed)